NYCIDA Approves Fresh Incentives For Six Supermarkets Across Brooklyn, Queens And The Bronx
The New York City Industrial Development Agency (NYCIDA) today announced that Bogopa Service Corporation (Bogopa), will receive assistance through the Food Retail Expansion to Support Health (FRESH) program to renovate and expand six supermarkets across Brooklyn, Queens, and the Bronx. The assistance, which will come in the form of sales tax exemptions totaling approximately $450,000, will help create an additional 36,000 square feet of new supermarket space for a total of approximately 245,000 square feet of new and renovated supermarket space at the six stores after completion. The newly renovated supermarkets, which already employ 449 people, are expected to create an additional 82 jobs.
“Clearing the way for over 36,000 square feet of new supermarket space in underserved sections of the City, today’s FRESH approval is a significant step forward in our mission to provide healthy food options to all New Yorkers,” said NYCIDA Chairman Seth W. Pinsky. “These projects, which will also create nearly one hundred new jobs, will simultaneously stimulate greater economic growth and better nutrition across a wide swath of New York.”
“This announcement is a win-win-win for these six neighborhoods - good jobs, good food and healthier communities,” said Speaker Christine C. Quinn. “Through the FRESH Program, the neighborhoods of Grand Concourse, Bushwick, Bedford Stuyvesant, Brownsville, Corona and Jackson Heights will be getting new upgraded supermarkets, which will help bring healthy food and quality jobs – this is exactly what the FRESH program was designed to do.”
"Bogopa's expansion will bring more healthy food choice options, as well as new jobs, to an underserved Bronx neighborhood, and that's something we can all applaud. I am proud to support this project, and I thank the entire New York City Industrial Development Agency for joining me in that support today," said Bronx Borough President Ruben Diaz Jr.
“Far too many areas of Brooklyn are food deserts,” said Brooklyn Borough President Marty Markowitz. “Kudos to Bogopa, EDC and NYC Industrial Development Agency for expanding supermarket space in areas that need more food options. All Brooklynites deserve access to fresh, affordable groceries and this is a big leap in the right direction.”
“Providing food shopping opportunities in underserved communities helps individuals and families with children to find reasonably-priced products needed for a daily and healthy diet. Here in Queens, the FRESH program will provide the incentive for building a brand new supermarket in Corona and expand another in a heavily-populated area of Jackson Heights. These much-needed markets will provide more options for comparison shopping, help keep prices down and create new jobs,” said Queens Borough President Helen Marshall.
“Thank you to the City and EDC for supporting these projects which will bring more healthy food options to New Yorkers and create good jobs for the people of Brooklyn, Queens, and the Bronx,” said Patrick Purcell, spokesperson for UFCW Local 1500.
Launched in 2009, FRESH promotes the establishment and retention of neighborhood grocery stores in underserved communities by providing zoning and financial incentives to eligible grocery store operators and developers. The FRESH initiative came in response to a study conducted for the Mayor's Food Policy Task Force which showed that many low-income areas across the city are underserved by neighborhood grocery stores. The resulting lack of nutritious, affordable, fresh food in these neighborhoods has been linked to higher rates of diet-related diseases, including diabetes, and obesity. Last month the City expanded the program to include all of South Jamaica as part of the Bloomberg Administration’s largest rezoning to date.
Of the six supermarkets approved for assistance today, one store is located in the Bronx, three are located in Brooklyn, and two are located in Queens. The renovations and construction of the six supermarkets will result in a projected private investment of over $8 million dollars.
The supermarket in the Bronx is located at 238 East 161st Street, Concourse Village. Bogopa currently operates an approximately 55,000 square foot supermarket in this location which it plans to renovate and upgrade.
The three Brooklyn supermarkets are located at 417 Junius Street in Brownsville, 21 Manhattan Avenue in Bedford-Stuyvesant, and 17-59 Ridgewood Place in Bushwick. At the Junius Street location, Bogopa currently operates a 45,000 square foot supermarket which it plans to renovate and upgrade. At 21 Manhattan Avenue, Bogopa currently operates an approximately 52,000 square foot supermarket which it is seeking to expand by 8,000 square feet. At 17-59 Ridgewood Place, Bogopa currently operates a 42,000 square foot supermarket and plans expand this supermarket by 14,000 square feet.
In Queens, Bogopa will build a brand new approximately 10,000 square foot supermarket at 57-08 99th Street in Corona. At 34-20 Junction Boulevard in Jackson Heights, Bogopa will also expand an existing supermarket by 4,000 square feet to create an approximately 18,000 square foot supermarket.
New York City Economic Development Corporation is the City's primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC's mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City's competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City's many opportunities. Find us on Facebook or follow us on Twitter, or visit our blog to learn more about NYCEDC projects and initiatives.
The New York City Industrial Development Agency (NYCIDA) is administered by NYCEDC and provides financing assistance to businesses, including small industrial and manufacturing companies. NYCIDA is a conduit agency that issues tax-exempt industrial revenue bonds to assist eligible commercial, industrial, and other qualified entities to finance expansion opportunities. NYCIDA also offers qualified companies abatements on sales, real estate and mortgage taxes. To request information and details on NYCIDA programs, call (212) 312-3600 or e-mail email@example.com.